⚪️🟡Official BounceBit x Square Campaign Announcement! It’s simple—complete below tasks and earn $10,000 in rewards! Earn $BB coins by: 1. Following our account 2. Sharing this pinned post 3. Participating in eligible trading activities listed here: Official Campaign Post 4. Create a post with a minimum of 100 characters using the hashtag #BounceBit
This binance section allows us to learn about words and terms from the crypto world. At the same time, by reaching 5 victories by guessing the correct words we can obtain reward points, which would be useful in the future to exchange for: Cash voucher, trading commission voucher and other rewards that they place in the future.
mostly in these activities the prize is 500,000 points, for us to determine how many points will reach our rewards center will be very easy to calculate.
(500,000 points / number of winners)
Now let's say that the winners of x week were 100,000 winners... how many points will I receive in my rewards center
(500,000/100,000) = 5 points
Currently, if you wanted to exchange your points for rewards, this would be the amount of points you would need to have accumulated:
If we would like to see where we can see our amount of accumulated points, we will have to go to the "rewards hub" tab. In this tab we can see our accumulated points and also the rewards available that we have on the binance platform.
What is P2P? | Is P2P useful? | Advantages and disadvantages of P2P
To begin with, the first question we can ask ourselves is what is P2P? If we analyze it from an easy point of view, it is an exchange of assets from person to person in which 2 people seek to satisfy the needs of acquiring an asset in the case that we have 2 people who will be (A and B)
"A" will have dollars in a bank account and "B" will have cryptocurrencies on an exchange.
Person "A" would send dollars to "B" to his bank account and "B" would release the balance in cryptocurrencies.
After having answered the first question... one that seems very interesting to me is whether P2P is useful and the truth is that it is since it is a tool that allows us to be more globalized in the sense of being able to exchange currency. of my country for the currency of another person's country, this mechanism allows us to send money to a family member who is in another country and for that money to reach the other person in less time compared to traditional tools.
Advantages and disadvantages of P2P
The greatest advantage of P2P is that of a much more fluid and globalized economy.
The biggest disadvantage of P2P is that you cannot determine the origin of the other person's money, nor can you be sure if the other person is 100% trustworthy.
In this analysis you will be able to clearly and precisely observe the percentage of appreciation or devaluation of the dollar.
To start with the most basic... what does Appreciation and Devaluation refer to?
Appreciation is when an asset has a greater value over time compared to other products or services and depreciation would be the opposite case, that is, an asset has a lower value than the products and services.
If we do a small analysis from 1956 to the present we can see that as a result the dollar has been devalued 956% since then if we perform a calculation where $100 in 1956 would be the equivalent of $1076 in 2023, which means that it has a negative trend and that over time we will always need more dollars to satisfy the same needs, which is why it is a losing race if you save in dollars.
How much is 100$ from 1956 equivalent in different time periods?
It is a layer 2 network that has the Bitcoin cryptocurrency and was created with the purpose of reducing the commissions that this network has. If we make a basic comparison of the classic network vs the Lightning Network we can see big differences such as the costs for carry out a transaction
In the classic network the average cost is greater than 1.5$BTC and in the Lightning Network the average transaction cost is 0.02$BTC .
Tell me... What do you think of the Lightning Network? Did you already know her or is this the first time you're hearing about her 👇👇👇
What is the Bitcoin halving and when will the next Halving be?
The halving of Bitcoin refers to the process of reducing the issuance of the cryptocurrency, which is currently 6.25 BTC per block and which will be in April 2024, this will be reduced by half, that is, to 3.125 BTC per mined block, you will think. and this really affects the price of Bitcoin since this will largely depend on demand because if Bitcoin becomes increasingly scarce this could make it look like a much more valuable asset to have over time.
As another notable fact, we can see that currently an average of about 900 BTC are mined per day and that this represents an annual production amount of 328,500 BTC and that as we can see the issuance of this asset that we know as Bitcoin will little by little reduce production. of the same: